АО "Казинвестбанк" (Казахстан) сообщило о присвоении банку агентством Moody's рейтингов "B2/NP/E+"
30.10.07 12:08
/KASE, 30.10.07/ - АО "Казинвестбанк" (Алматы), ценные бумаги которого
торгуются в официальном списке Казахстанской фондовой биржи (KASE)
категории "А", предоставило KASE текст сообщения агентства Moody's на
английском языке следующего содержания:
начало цитаты
Moody's assigns B2/NP/E+ ratings to KazInvestBank (Kazakhstan)
First-time ratings
London, 29 October 2007 - Moody's Investors Service today assigned the
following global scale ratings to KazInvestBank ("KIB"): B2 long-term and Not-
Prime short-term foreign and local currency deposit ratings and an E+ bank
financial strength rating ("BFSR"). All of the bank's ratings carry a stable
outlook.
According to Moody's KIB's E+ BFSR, which translates to a Baseline Credit
Assessment of B2, is based on the bank's fundamental credit strength, which, in
Moody's view, is underpinned by its strong corporate governance, risk
management and capitalisation, but constrained by its limited franchise,
significant borrower and depositor concentrations.
The bank's B2 local and foreign currency deposit ratings do not factor in any
expectation of systemic support in the event of a stress situation, given the
bank's very low national market share and relative importance to the country's
banking system. Although support from the bank's shareholders cannot be ruled
out, its extent and timeliness are somewhat uncertain. Consequently the
long-term deposit ratings are at the same level as the bank's B2 Baseline
Credit Assessment.
The bank is majority-owned by a group of Kazakh entrepreneurs (none of which
individually holds a controlling or a blocking stake), who jointly own 56.7% of
the bank's capital, whereas EBRD and CVCI (a private equity fund owned by
Citibank) hold 21.5% of the bank's capital each. KIB has targeted the corporate,
SME and retail lending markets and is in the process of expanding its
distribution network.
In Moody's view, KIB's ratings could be upgraded if it succeeds in improving
its franchise, as well as materially reducing the level of borrower
concentration, while maintaining reasonable capitalisation and asset quality.
Conversely, downward rating pressure could arise from a failure to reduce the
level of borrower concentration or in the event of a material deterioration in
asset quality.
Based in Almaty, Kazakhstan, KazInvestBank reported total audited IFRS
consolidated assets and net income of US$199 million and US$0.9 million,
respectively, at year-end 2006 (US$106 million and US$0.3 million,
respectively, a year before).
London
Reynold R. Leegerstee
Managing Director
Financial Institutions Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
London
Armen L. Dallakyan
Analyst
Financial Institutions Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
конец цитаты
[2007-10-30]